The government reported frequently naming names to support the electronics industry, and will continue to expand the layout of R & D and production in 2022. In the government work report of provincial administrative regions and some sub provincial cities in the mainland in 2022, local governments have repeatedly expressed their planning and attention to the construction of chip, integrated circuit, communication and Internet infrastructure. Among them, 15 regions such as Shandong, Anhui and Hunan have made rich achievements in the field of “chip” and made plans for the future; 14 regions such as Beijing, Shanghai and Guangdong have proposed the support and layout of “integrated circuit” industry; 8 regions such as Zhejiang, Sichuan and Shanxi have made plans for the construction and development of “communication” industry and its infrastructure, Shanghai 25 regions including Jiangsu and Fujian have proposed to support the development of the “Internet” industry and the construction of Internet infrastructure.
To achieve self-control, we must win the battle of lacking “core”. The development of a new generation of information technology is inseparable from the chip, and the chip has become a must for all countries. The battle of chips has been a long-term success. Beijing, Hunan, Shaanxi and other provinces have clearly proposed to promote the “stuck neck” technology and realize domestic substitution. Next, local governments will continue to support enterprises to solve the problems of “stuck neck” and “lack of core”, and strive to accelerate the independent control and localization substitution of important technologies and products.
5g communication construction continues to advance, and baseband chips have great prospects. 5g construction continued to advance. Provinces including Hebei, Shandong, Hunan, Shanxi and Shanghai clearly proposed to build tens of thousands of 5g base stations. Xiamen proposed to achieve full 5g network coverage, Anhui proposed to add 6000 cloud enterprises, Hunan proposed to speed up the large-scale deployment of 5g network, and Shanxi proposed to basically complete the upgrading of communication network coverage along high-speed railways and expressways, The further expansion of 5g communication construction and application scale will certainly expand the market scale of China’s baseband chip, RF chip, processor and other infrastructure.
Key industrial projects have been circled around, and high-end display, power semiconductor, advanced process, DRAM and automotive electronics have attracted attention. Hubei proposes to promote the production of Huaxing optoelectronics T5 as soon as possible; Hunan proposed to pay close attention to the ten industrial projects of San’an semiconductor phase II and CRRC era power semiconductor core components, and Changsha proposed to speed up the construction of San’an semiconductor and other projects to ensure the production and efficiency of Huike optoelectronics and other projects; Guangdong proposes to speed up the construction of key projects such as Guangzhou Yuexin and Shenzhen Semiconductor Manufacturing International Corporation(688981) 12 inch line, actively introduce projects in the fields of manufacturing, sealing and testing, equipment and materials, and implement the traction project of automobile chip application; Anhui proposed to speed up the construction of Changxin storage phase II, AVIC lithium battery and other major projects, and Hefei accelerated the construction of Changxin phase II, crystal phase II, construction and operation Byd Company Limited(002594) , AVIC innovation and other major projects.
Investment suggestions:
First, pay attention to domestic baseband chip Aojie technology, FPGA Unigroup Guoxin Microelectronics Co.Ltd(002049) , domestic CPU and Guoxin technology; Second, the third generation semiconductors and high-end power semiconductors in the field of new energy Sanan Optoelectronics Co.Ltd(600703) , Starpower Semiconductor Ltd(603290) , Macmic Science & Technology Co.Ltd(688711) , Tianyue advanced, etc.
Risk tips:
Technological development is less than expected and the global competition pattern is reconstructed.
